Press release
Friction Products and Materials Market Trends, Key Players, Regional Outlook and Forecast to 2025
Friction Products and Materials Market
The global friction products and materials market size was valued at $17,046 million in 2017, and is projected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025
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Top Companies
Nisshinbo Holdings Inc., Fras-le, Hindustan Composites Ltd., Tenneco Inc. (Federal-Mogul Motorparts LLC), European Friction Industries Ltd, ABS Friction, Inc., GMP Friction Products, Miba AG, Akebono Brake Industry, Carlisle Brake & Friction (CBF)
Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object's direction of movement. In other words, friction can be used anywhere. For e.g. simply slowing down or stopping an object to accelerating it to a certain speed.
Friction materials are the building blocks of the industry. They are responsible for creating the resistance necessary to slow down or stop moving objects. Common friction materials include brake pads, clutch facings, and friction coatings. The demand for friction products and materials is closely tied to various end-user industries, including automotive, aerospace, construction, and manufacturing. The automotive industry, in particular, represents a significant portion of the market due to the need for effective braking systems.
With an increasing focus on sustainability and reducing emissions, the friction products and materials market is witnessing a shift towards environmentally-friendly solutions. This includes the development of friction materials that produce less dust and reduce the use of hazardous substances. The market is embracing advanced materials such as carbon composites, ceramic friction materials, and non-asbestos organic (NAO) materials. These materials offer superior performance, longer lifespan, and reduced noise compared to traditional materials. The rapid growth of electric vehicles (EVs) and autonomous vehicles has created new opportunities and challenges for the friction products and materials market.
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Friction materials are mostly made up of substances such as paper, elastomerics, graphitics, and sintered metals. Bonded sintered metal or ceramic is most commonly used in the production of friction material products. Friction materials are used to make brake and clutch systems, transmissions, and certain industrial and household items. Industries such as aircraft, aerospace, automotive, railroad, and defense use friction materials for applications, which include clutch & brake systems, operating systems, automotive equipment, gear tooth systems, and industrial machinery.
Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.
The friction products and materials market is a dynamic and evolving sector, adapting to technological advancements, changing consumer demands, and environmental concerns. As the world shifts towards cleaner, more efficient transportation and manufacturing, the role of friction materials becomes increasingly important. This market's future is intertwined with innovation, sustainability, and the ability to meet the demands of various industries while adhering to regulatory standards. Whether in the form of high-performance brake pads or cutting-edge clutch facings, the world of friction products and materials is one of continuous evolution and adaptation.
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MARKET INTRODUCTION
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